Looking at the chart of silver (XAG), an interesting comparison has emerged. Gold has already reached the macro resistance level, but silver still has room — it can still rise another 48% before reaching the starting point of that red top channel. That’s why recently silver has outperformed gold; honestly, it’s not surprising at all. Although the two precious metals are correlated in their movements, their strength is noticeably different. Changes in the gold-silver ratio often indicate a shift in market risk appetite, making this a window worth paying attention to.